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(a) Why does payments constitute such a large fraction of the FinTech industry? (b) Many FinTech firms have succeeded by providing financial services with superior

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(a) Why does payments constitute such a large fraction of the FinTech industry? (b) Many FinTech firms have succeeded by providing financial services with superior user interfaces than the software provided by incumbents. Why has this strategy worked so well? (c) What factors would you consider when determining whether an area of FinTech is likely to tend towards uncompetitive market structures, such as monopoly or oligopoly

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